With the economy teetering on whether it’s getting better, or not, and with the housing market being instrumental for recovery Congress has got a lot of nerve to go on recess and leave the NFIP program in limbo. Shame on them!
I have commented many times and will again: no governmental entity should be selling insurance – period. this includes flood insurance. the private market system will either fill the niche, and do it in an economically sound fashion, or the product “can’t be had”. let FEMA die and let’s move on. it’s far worse than bailing out the big banks or AIG.
Would you have the same opinion if the closing of your home (buying or selling) were to fall through because of no flood insurance? Like it,or not, the NFIP exists because the private market did not want to take on the risk themselves. Or, the cost of the coverage would be prohibitive. Without flood insurance, when a catastrophic event occurs, the federal govt. will step in and it will end up costing them – and taxpayers – substantially more than subsidizing the NFIP.
Liberal Agent, who is in charge of the house and senate? Wait, in rereading your 1st post, you said the DEMS. So screw everyone, go on vacation and the heck with the flood program?
Simple solution. Put the flood program into an emergency bill all by itself, yes, no riders, no student loans, no unemployment, no cash for clunkers and pass the thing. The flood program has run out of funding time and time again, and in the past an emergency bill goes through to fix it. Guess there was just so much hoopla over the big f***ing deal that they forgot to take care of this and had to rush home for another 3 week vacation. Wish I had their vacation plan.
Look folks…We’re in a Huge Hole. Indignation about the Republicans standing in the way of funding NIFP is truly misplaced. We have a huge national spending problem. If we can’t find money in the exisitng budget to fund NFIP and instead need to borrow the money from foreign investors, we have a lot bigger problems than flood insurance. Spending for all puposes is totally out of control…and unfortunately the pace of borrowing is at a point never before seen in human history. As a wise man once said, no one can borrow their way to posperity and needing to borrow money to fund unemplyoment and the NFIP is a little using your home equity line to pay your mortgage…the hole just gets dug deeper and faster.
Well said. Do you think the Chinese will start asking for collateral, i.e. a national park or two, maybe some national treasures in the Smithsonian? Maybe we can give them a stake in GM?
OK, first off, there are American people paying premiums into NFIP so the government is not funding that alone. They have no problem holding on to the checks they get. If the premiums are too low well then lets actually sit down and fix it instead of using NFIP as a pawn to get other bills passed. This issue is large enough that it needs it’s own legislation. The coverage is from the STONE AGE as it is but it’s better than nothing. AND can I just say again that I find it disgusting that they just left and we all have to wait for them to enjoy their holiday. Oh and there’s Flood watches all over the place. Nice.
I think it is time to separate the issues and stop letting congress add their pet issues & projects to unrelated legislation. How about passing a law to that effect.
NY that’s wishful thinking under the Sheik Obama Pelosi Reid regime. They will find ways to continue to bleed the American Taxpayer dry, add all kinds of non-essential, non-germane items to hold hostage whatever legislation they deem to be “critical” . Yea, it was done in the past, but not as radical as today’s congressional leadership. It seems the obama agenda to create chaos as a way to get things done, costing taxpayers a trillion here a trillion there.
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With the economy teetering on whether it’s getting better, or not, and with the housing market being instrumental for recovery Congress has got a lot of nerve to go on recess and leave the NFIP program in limbo. Shame on them!
I have commented many times and will again: no governmental entity should be selling insurance – period. this includes flood insurance. the private market system will either fill the niche, and do it in an economically sound fashion, or the product “can’t be had”. let FEMA die and let’s move on. it’s far worse than bailing out the big banks or AIG.
Would you have the same opinion if the closing of your home (buying or selling) were to fall through because of no flood insurance? Like it,or not, the NFIP exists because the private market did not want to take on the risk themselves. Or, the cost of the coverage would be prohibitive. Without flood insurance, when a catastrophic event occurs, the federal govt. will step in and it will end up costing them – and taxpayers – substantially more than subsidizing the NFIP.
Who controls what bills are priority in the House – oh that’s right, Pelosi. Who
controls the Senat, oh that’s right, Reid.
Duh.
Liberal Agent, who is in charge of the house and senate? Wait, in rereading your 1st post, you said the DEMS. So screw everyone, go on vacation and the heck with the flood program?
Simple solution. Put the flood program into an emergency bill all by itself, yes, no riders, no student loans, no unemployment, no cash for clunkers and pass the thing. The flood program has run out of funding time and time again, and in the past an emergency bill goes through to fix it. Guess there was just so much hoopla over the big f***ing deal that they forgot to take care of this and had to rush home for another 3 week vacation. Wish I had their vacation plan.
Look folks…We’re in a Huge Hole. Indignation about the Republicans standing in the way of funding NIFP is truly misplaced. We have a huge national spending problem. If we can’t find money in the exisitng budget to fund NFIP and instead need to borrow the money from foreign investors, we have a lot bigger problems than flood insurance. Spending for all puposes is totally out of control…and unfortunately the pace of borrowing is at a point never before seen in human history. As a wise man once said, no one can borrow their way to posperity and needing to borrow money to fund unemplyoment and the NFIP is a little using your home equity line to pay your mortgage…the hole just gets dug deeper and faster.
Well said. Do you think the Chinese will start asking for collateral, i.e. a national park or two, maybe some national treasures in the Smithsonian? Maybe we can give them a stake in GM?
OK, first off, there are American people paying premiums into NFIP so the government is not funding that alone. They have no problem holding on to the checks they get. If the premiums are too low well then lets actually sit down and fix it instead of using NFIP as a pawn to get other bills passed. This issue is large enough that it needs it’s own legislation. The coverage is from the STONE AGE as it is but it’s better than nothing. AND can I just say again that I find it disgusting that they just left and we all have to wait for them to enjoy their holiday. Oh and there’s Flood watches all over the place. Nice.
I think it is time to separate the issues and stop letting congress add their pet issues & projects to unrelated legislation. How about passing a law to that effect.
NY that’s wishful thinking under the Sheik Obama Pelosi Reid regime. They will find ways to continue to bleed the American Taxpayer dry, add all kinds of non-essential, non-germane items to hold hostage whatever legislation they deem to be “critical” . Yea, it was done in the past, but not as radical as today’s congressional leadership. It seems the obama agenda to create chaos as a way to get things done, costing taxpayers a trillion here a trillion there.